Overview:
This webinar will equip attendees with an understanding of the components of Accounts Payable and the internal controls required within the acquisition process.
Why you should Attend:
Increasingly, Regulators look for evidence that the company reviews its processes and controls to ensure that, for example:
- Policies and procedures are being followed by operational staff
- Processes are not "shelfware" (i.e., the policy exists but "never comes off the shelf")
- A strong risk management function has not deteriorated into ineffectiveness
- There is clear ownership and accountability for compliance throughout the supply chain
Areas Covered in the Session:
- Where Accounts Payable Come From
- General Controls over Acquisitions
- Processing checks Best Procedure
- Vendor Allowances
- Accounts Payable Fraud Red Flags
Who Will Benefit:
- Internal Auditors
- Financial Managers
- Data Analysts
- Operational Managers